About Richard Russell

Richard Russell Net Worth: Richard Russell is a record producer and owner of British record label XL Recordings. He has an estimated net worth of $118 million (£75m) as of 2015, according to the Sunday Times Rich List. In 1991, Richard Russell joined XL recordings as an A+R scout in 1991. Today Russell owns 50% of the London-based XL Recordings, which is associated with bands such as The Prodigy and Basement Jaxx. But the label’s fortunes really took off with the signing of Adele. In the three years to December 2013, XL generated £79m of pre-tax profits, thanks in no small measure to the phenomenal international success of Adele. The company admitted that even in 2013 Adele was responsible for a significant proportion of turnover and profits, even though her album, 21, was released way back in January 2011. The other half of XL is owned by Martin Mills.